MI Cement declares 20% cash dividend

MI Cement has recommended a 20 percent cash dividend for all shareholders for the year ended on June 30, 2021.

The dividend payout was recommended at the company's board of directors meeting.

However, final approval regarding the dividends will come during the Annual General Meeting (AGM) scheduled for December 15, 2021 on digital platform, said the company in a filing with the Dhaka Stock Exchange on Thursday.

The company has reported EPS of Tk 5.89 and consolidated NAV per share of Tk 52.69 during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as November 17.

There will be no price limit on the trading of the shares of the Company today (October 28) following its corporate declaration.